Speciality Restaurants ' subsidiary, Speciality Hotels India, has completed a significant corporate restructuring through the issuance of equity shares via preferential sale. The transaction marks a notable change in the subsidiary's ownership structure and represents a strategic capital raising initiative.

Equity Share Issuance Details

The preferential sale involved the issuance of equity shares worth ₹20.00 lakh by Speciality Hotels India. This transaction has altered the subsidiary's shareholding pattern and introduced external investors into the company's ownership structure.

Ownership Structure Changes

Following the completion of this preferential equity issuance, Speciality Hotels India is no longer classified as a fully owned subsidiary of its parent company. The transaction has resulted in a dilution of the parent company's shareholding from 100% to 98.28%.

Strategic Implications

This preferential share issuance represents a strategic move in the subsidiary's capital structure management. While the parent company retains majority control with a 98.28% stake, the introduction of external shareholding through the preferential sale provides additional capital resources to Speciality Hotels India. The transaction maintains the subsidiary relationship while allowing for enhanced financial flexibility and potential future growth initiatives.

The restructuring demonstrates the company's approach to optimizing its subsidiary operations while maintaining strategic control over its hospitality ventures.

Speciality Restaurants Limited has announced that its wholly owned subsidiary, Speciality Hotels India Private Limited (SHIPL), has ceased to be a wholly owned subsidiary following a preferential share allotment. The company informed BSE and NSE about this corporate development on January 16, 2026, pursuant to Regulation 30 of SEBI Listing Regulations.

Share Allotment Details

On January 15, 2026, SHIPL completed a preferential allotment of equity shares to Esensos Services and Solutions LLP. The transaction details are structured as follows:

Change in Shareholding Structure

Following the preferential allotment, the shareholding structure of SHIPL has been modified. The number of equity shares held by Speciality Restaurants Limited in SHIPL remains unchanged, but the overall shareholding percentage has been diluted due to the issuance of new shares.

Financial Performance of SHIPL

As per the audited financial statements for the year ended March 31, 2025, SHIPL's financial position shows:

The subsidiary reported no income and maintained a negative net worth position during the last financial year.

Regulatory Compliance and Transaction Nature

The company has confirmed that this transaction qualifies as a related party transaction but has been conducted on an arm's length basis. The disclosure has been made in compliance with:

• Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
• SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

The transaction does not involve any sale or disposal of the subsidiary, and the questions related to sale consideration, buyer details, and completion dates are not applicable in this case. The company has also confirmed that this transaction does not fall under any scheme of arrangement.

Corporate Information

Speciality Restaurants Limited, incorporated in 1999, operates in the hotels and restaurants sector. The company maintains its registered office in Mumbai and continues to hold a significant majority stake in SHIPL despite the change in subsidiary classification. The detailed disclosure and annexure have been made available on the company's website at www.speciality.co.in for stakeholder reference.